SHANGHAI, Feb 26 (SMM) – Metals futures on the SHFE performed strongly today as nonferrous metals rose across the board except for tin, which edged down slightly. Nickel went up 0.72%. Copper, aluminium, zinc and lead also inched up.Ferrous metals remained firm as coke jumped over 4% and hot-rolled coil increased by close to 4%. Rebar rose over 3%, coking coal rose over 2% and iron ore edged...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening traded. Futures responded to a surge overnight in world equity markets.Gold gained $9.40 to $1,339.70 per ounce on weakness in the U.S. Dollar IndexNatural gas gained $0.05 to $2.70 per MBtu following predictions by the National Center for Environmental Information (NOAA) that northern U.S. stat...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Monday February 26.Copper prices on the Shanghai Futures Exchange were weaker during Asian morning trading on Monday, with the red metal coming under pressure following a 10% jump in copper volumes at SHFE-approved warehouses last week.Check Metal Bulletin's live futures report here.LME sn...Read More
SHANGHAI, Feb 26 (SMM) – Metals futures on the SHFE performed strongly today as nonferrous metals rose across the board except for tin, which edged down slightly. Nickel went up 0.72%. Copper, aluminium, zinc and lead also inched up.Ferrous metals remained firm as coke jumped over 4% and hot-rolled coil increased by close to 4%. Rebar rose over 3%, coking coal rose over 2% and iron ore edged...Read More
SHANGHAI, Feb 26 (SMM) – Metals futures on the SHFE performed strongly today as nonferrous metals rose across the board except for tin, which edged down slightly. Nickel went up 0.72%. Copper, aluminium, zinc and lead also inched up.Ferrous metals remained firm as coke jumped over 4% and hot-rolled coil increased by close to 4%. Rebar rose over 3%, coking coal rose over 2% and iron ore edged...Read More
SHANGHAI, Feb 26 (SMM) – China’s planned infrastructure investment and construction projects in 2018 are set to give firm support to metals, SMM learned. Efforts put into transportation and water conservancy by local governments are set to spur growth in commodities consumption, especially of steel and cement, according to Jiang Xingchun, director of Soochow Futures Study. He add...Read More
SHANGHAI, Feb 26 (SMM) – China’s planned infrastructure investment and construction projects in 2018 are set to give firm support to metals, SMM learned. Efforts put into transportation and water conservancy by local governments are set to spur growth in commodities consumption, especially of steel and cement, according to Jiang Xingchun, director of Soochow Futures Study. He add...Read More
SHANGHAI, Feb 26 (SMM) – China’s planned infrastructure investment and construction projects in 2018 are set to give firm support to metals, SMM learned. Efforts put into transportation and water conservancy by local governments are set to spur growth in commodities consumption, especially of steel and cement, according to Jiang Xingchun, director of Soochow Futures Study. He add...Read More
SHANGHAI, Jan 26 (SMM)? 1/4 ? China releases data on its import and export of copper in January 2018 (Unit: mt): Read More
SHANGHAI, February 26 (SMM)? 1/4 ? China releases data on its import and export of zinc in January 2018 (Unit: mt):Read More
SHANGHAI, Feb 26 (SMM) - Copper: Copper is set to remain firm in the medium term as a rebound in downstream consumption provides support to the physical market and as imports of copper scrap face restrictions. We expect LME copper to trade at $7,080-7,150/mt and SHFE copper to trade at 53,000-53,600 yuan/mt today. In the physical market, smaller spot discounts are seen at...Read More
SHANGHAI, Feb 26 (SMM) - Copper: Copper is set to remain firm in the medium term as a rebound in downstream consumption provides support to the physical market and as imports of copper scrap face restrictions. We expect LME copper to trade at $7,080-7,150/mt and SHFE copper to trade at 53,000-53,600 yuan/mt today. In the physical market, smaller spot discounts are seen at...Read More
SHANGHAI, Feb 26 (SMM) - Copper: Copper is set to remain firm in the medium term as a rebound in downstream consumption provides support to the physical market and as imports of copper scrap face restrictions. We expect LME copper to trade at $7,080-7,150/mt and SHFE copper to trade at 53,000-53,600 yuan/mt today. In the physical market, smaller spot discounts are seen at...Read More
SHANGHAI, February 26 (SMM) - Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in January 2018 (unit: mt):Read More
SHANGHAI, February 26 (SMM) - Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in January 2018 (unit: mt):Read More
SHANGHAI, February 26 (SMM) - Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in January 2018 (unit: mt):Read More
First impressions are that we are off to a bullish start to the week, with the base metals prices on the London Metal Exchange up by an average of 0.6% this morning, Monday February 26. Nickel and lead prices lead the way with gains of 0.9%, followed by zinc and copper prices that are up by 0.6%, with the latter at $7,155 per tonne, while tin and aluminium prices are up 0.4% and 0.3% respectively....Read More
The price difference between lead and zinc on the London Metal Exchange has moved to its widest in over 10 years, with lead lagging significantly behind. At the close on Thursday February 22, the three-month zinc price closed $960.50 per tonne higher than lead. But when the spread - or switch - last moved to over $900 in early 2007, lead staged an incredible fightback and ended up overtaking its s...Read More
Lead prices on the London Metal Exchange continued to strengthen and closed 1.4% higher at 5pm London time on Monday February 26, with its cash/three-month spread moving into backwardation. "LME lead has rebounded well... So far, sellers have failed to take its below $2,500 per tonne; buyers now have the chance to push it higher," Metal Bulletin analyst Andy Farida said. "Since the base metals are...Read More
The price difference between lead and zinc on the London Metal Exchange has moved to its widest in over 10 years, with lead lagging significantly behind. At the close on Thursday February 22, the three-month zinc price closed $960.50 per tonne higher than lead. But when the spread - or switch - last moved to over $900 in early 2007, lead staged an incredible fightback and ended up overtaking its s...Read More